Wells Fargo Securities has initiated coverage on Matson, Inc. ahead of the company’s spinoff from parent Alexander & Baldwin in late June. "We view Matson as a stable and differentiated value story, given its 3 percent forward dividend yield, solid balance sheet, and unique service offering that carries leverage to both traditional U.S. transport markets (logistics, point-topoint U.S. freight) and international trade (transpacific service to the USWC etc.),” said analyst Micha...